Insights Into The Powder Metallurgy Parts Market’s Growth Opportunities Through 2023-2032 – Includes Powder Metallurgy Parts Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Growing global demand for electric vehicles is likely to stimulate innovation in powder metallurgy components manufacturing, propelling the market during the forecast period.
The global powder metallurgy parts market is expected to grow from $23.17 billion in 2022 to $24.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global powder metallurgy parts market size is expected to reach $31.62 billion in 2027 at a CAGR of 6.2%.
Get A Free Sample On The Global Powder Metallurgy Parts Market Report:
Global Powder Metallurgy Parts Market Segments Include:
- By Product: Ferrous Metals, Non-Ferrous Metals
- By Fabrication Method: Pressure-Based, Sinter-Based, Hybrid
- By Application: Industrial, Automotive, Healthcare, Electrical And Electronics, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global powder metallurgy parts market in 2021.
Major Market Players in the powder metallurgy parts market include Sumitomo Electric Industries Ltd., Allegheny Technologies Inc., AMETEK Specialty Metal Products, Carpenter Technology Corporation, Daido Steel Co Ltd., Diamet Corporation.
Product innovation is a significant trend that is gaining traction in the powder metallurgy parts market. To enhance their position in the powder metallurgy components industry, major businesses are focusing on developing innovative technological solutions. Desktop Metal, a US-based technology business, for example, will debut Live SinterTM, a software solution (MIM) in November 2020 to manufacture high-accuracy components using sinter-based metal powder manufacturing techniques such as binder jet additive printing and metal injection moulding. This programme enables the development of geometries that would be extremely difficult to sinter without it, as well as accounting for shrinkage and distortion that parts often experience during the sintering process. It is expected that enhancing the form and dimensional tolerances of sintered parts will boost first-time component success for complex geometries while decreasing the cost and time of post-processing.
The Powder Metallurgy Parts Global Market Report 2023 provides a powder metallurgy parts market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The powder metallurgy parts market forecast analyzes powder metallurgy parts market size, powder metallurgy parts market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Powder metallurgy parts are components that generate precise and extremely accurate parts by crushing powdered metals and alloys under intense pressure into a hard die. They are commonly found in structural metal components.
Explore Similar Reports From The Business Research Company:
Powdered Sugar Global Market Report 2023
Powder Metallurgy Global Market Report 2023
Powder Coatings Global Market Report 2023
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at email@example.com
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: